Total monthly cost of ownership
Cost to Own a Home in Lansing, Iowa
A $146,000 home here costs
$1,313per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $751. The real number is $562 higher every month — 75% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Lansing against Allamakee County and Iowa
| Measure | Lansing | Allamakee County |
|---|---|---|
| Median home value | $145,800 | $171,900 |
| Median property tax | $2,179 | $2,103 |
| Effective tax rate | 1.495% | 1.223% |
| Median gross rent | $581 | $717 |
| Population | 1,111 | 14,038 |
The weather behind that power bill
Lansing sits in Allamakee County, which averages a high of 81.3°F in its hottest month and a low of 8.4°F in its coldest, with 39.19" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 570 cooling and 7,657 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Allamakee County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Allamakee County
Common questions
How much does it cost to own a home in Lansing?
A $146,000 home in Lansing, Iowa costs approximately $1,313 per month with 20% down at 6.66%. That is $751 principal and interest, $182 property tax, $64 homeowners insurance, $195 utilities and $122 set aside for maintenance.
What is the property tax rate in Lansing?
Lansing has an effective property tax rate of 1.495%, based on a median home value of $145,800 and median real estate taxes of $2,179. That is higher than the Allamakee County average of 1.223%.
What is the average home price in Lansing?
The median owner-occupied home value in Lansing, Iowa is $145,800, against $171,900 across Allamakee County.
Is it cheaper to rent or buy in Lansing?
Median gross rent in Lansing is $581 a month, against $1,313 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lansing — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Iowa.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.